Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.98 and traded as high as $2.24. Rocky Mountain Chocolate Factory shares last traded at $2.16, with a volume of 14,966 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rocky Mountain Chocolate Factory has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Stock Performance

The stock has a market cap of $20.16 million, a P/E ratio of -4.15 and a beta of 0.72. The company has a fifty day moving average of $2.44 and a 200 day moving average of $1.98. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 0.93.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 13.62% and a negative return on equity of 62.48%. The firm had revenue of $7.54 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Salvus Wealth Management LLC lifted its holdings in Rocky Mountain Chocolate Factory by 53.1% in the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after acquiring an additional 8,172 shares during the last quarter. American Capital Advisory LLC acquired a new stake in Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $134,000. Finally, DRW Securities LLC bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth approximately $235,000. 50.27% of the stock is owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.